Grenada Country Info
Parliament, Senate, House of Representatives
Grenada is an independent Commonwealth country situated in the Caribbean and forms part of the CARICOM. The nation consists of Grenada and six smaller islands that are located at the southern end of the Grenadines, in the southeastern Caribbean Sea.
Grenada is also known as the “Spice Island”, as the island is famous for its nutmeg and mace crops – for which Grenada is one of the world’s largest exporters. In the 17th Century, the French settled in Grenada and established sugar estates. In 1762 Britain took over the island country and expanded both the sugar industry as well as that of cacao. Later nutmeg became the leading export.Grenada achieved independence in March 1974 under the leadership of Eric Gairy, the first Prime Minister of Grenada.
Grenada achieved independence in March 1974 under the leadership of Eric Gairy, the first Prime Minister of Grenada. Grenada relies very strongly on tourism as its main source of foreign exchange with GDP (purchasing power parity) at around $1.248 billion (2014 est.). Grenada is a very beautiful and unspoilt island and a popular tourism and diving location.
Grenada Citizenship Program | Citizenship in Grenada | Grenada Passport | Grenada Citizenship by Investment Program
Aside from benefits such as freedom of travel and ease of access to international markets that a second passport offers for wealthy South Africans, many of these programs offer attractive property investments with good capital value retention, a currency hedge as well as growth.
Interview on BusinessTech: These are the top 5 Caribbean destinations South Africans are investing in for a second citizenship.
These are the top 3 citizenship-by-investment countries for South Africans.
The number of wealthy South Africans taking up a second residency or citizenship programme is rising progressively, says Nadia Read Thaele of LIO Global, a specialist firm in residence and citizenship-by-investment planning for private clients.
Top Citizenship-By-Investment Choices For South Africans (Seeff Southern Suburbs Magazine)
Following one of the most austere mini budget presentations since 1994, there will no doubt be a further rise in the demand from wealthy South Africans for a second residency or citizenship, says Ms Nadia Read Thaele of LIO Global, a specialist in residency and citizenship-by-investment planning for private clients.
Citizenship-by-investment programmes open up the world of international education for South African families
Grenada is top of mind for those looking for a second passport. Excellent international access to prized regions such as the UK, Schengen and China as well as the opportunity to own a property as part of a 5-star hotel group gives wealthy investors a very good reason to consider citizenship of the Spice Island.
BusinessTech interview with LIO Global on Grenada's citizenship by investment program.
Interview with Finweek: Buying residency or a passport with offshore property
Aside from offshore hedging, international residence and citizenship planning is top of mind for many locals.
LIO Global's Nadia Read Thaele speaks to Moneyweb about South Africans looking for a plan B through Citizenship-by-investment programs.
Businesstech.co.za speaks to LIO Global's Nadia Read Thaele on wealthy South Africans looking at a plan B through citizenship-by-investment programs.